Delegate your rent.

Everything in the wallet you delegate is committed: its $PENIS counts toward the 30%, and all new PUMP that arrives in it goes to the endowment. Want to commit part of your holdings? Keep the rest in another wallet.

We recommend a wallet that holds only the $PENIS you’re committing and no other PUMP, so everything that arrives there is your $PENIS rent.

• A delegationA standard token approval on your PUMP account only, shown in your wallet with the token and amount. No other token is included.
• A landlord recordIt notes the PUMP you hold when you join, which always stays yours, and tracks your contribution. If you leave and come back later, it resets to your balance at that moment.
• A small depositAbout 0.003 SOL to store your landlord record on-chain, returned when you leave.
• During the test periodThe contract’s upgrade key is held by the team’s multisig until it is destroyed at the end of the public test period, and every upgrade is announced first. Leave at any time.

• A daily countOnce a day the contract reads every landlord’s $PENIS. There’s no limit on landlords.
• Held, not borrowedEach landlord counts for the lower of today’s balance and the previous count’s, so new or added $PENIS counts from the following count, and your first count only records your balance.
• The thresholdSweeps switch on at 30% of supply committed and pause below 25%.
• Checked between countsSeveral times a day, at unannounced times, the endowment’s refresher reads every landlord at once. A wallet counts after three of these checks since its last count, each finding it still delegated, and only for the lowest balance any of them saw. $PENIS moved between wallets counts once, and every check is public on-chain.
• Public tallyEvery landlord’s record is on-chain for anyone to check.